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Technology - Information Technology Services - NYSE - US
$ 253.37
-0.0241 %
$ 235 B
Market Cap
42.51
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one IBM stock under the worst case scenario is HIDDEN Compared to the current market price of 253 USD, International Business Machines Corporation is HIDDEN

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one IBM stock under the base case scenario is HIDDEN Compared to the current market price of 253 USD, International Business Machines Corporation is HIDDEN

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one IBM stock under the best case scenario is HIDDEN Compared to the current market price of 253 USD, International Business Machines Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart IBM

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$270.0$270.0$260.0$260.0$250.0$250.0$240.0$240.0$230.0$230.0$220.0$220.0$210.0$210.0$200.0$200.015 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '25
FINANCIALS
62.8 B REVENUE
1.44%
10.1 B OPERATING INCOME
2.58%
6.02 B NET INCOME
-19.71%
13.4 B OPERATING CASH FLOW
-3.49%
-4.94 B INVESTING CASH FLOW
30.17%
-7.08 B FINANCING CASH FLOW
-300.17%
14.5 B REVENUE
-17.16%
1.76 B OPERATING INCOME
-54.76%
1.06 B NET INCOME
-63.80%
4.37 B OPERATING CASH FLOW
0.92%
-13 B INVESTING CASH FLOW
-841.19%
5.44 B FINANCING CASH FLOW
424.76%
Balance Sheet International Business Machines Corporation
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Current Assets 34.5 B
Cash & Short-Term Investments 14.6 B
Receivables 14 B
Other Current Assets 5.88 B
Non-Current Assets 103 B
Long-Term Investments 1.79 B
PP&E 8.93 B
Other Non-Current Assets 92 B
10.64 %10.21 %4.29 %6.51 %67.05 %Total Assets$137.2b
Current Liabilities 33.1 B
Accounts Payable 4.03 B
Short-Term Debt 5.86 B
Other Current Liabilities 23.3 B
Non-Current Liabilities 76.6 B
Long-Term Debt 52.5 B
Other Non-Current Liabilities 24.1 B
3.67 %5.34 %21.18 %47.86 %21.95 %Total Liabilities$109.8b
EFFICIENCY
Earnings Waterfall International Business Machines Corporation
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Revenue 62.8 B
Cost Of Revenue 27.2 B
Gross Profit 35.6 B
Operating Expenses 25.5 B
Operating Income 10.1 B
Other Expenses 4.05 B
Net Income 6.02 B
70b70b60b60b50b50b40b40b30b30b20b20b10b10b0063b(27b)36b(25b)10b(4b)6bRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
56.65% GROSS MARGIN
56.65%
16.05% OPERATING MARGIN
16.05%
9.60% NET MARGIN
9.60%
22.06% ROE
22.06%
4.39% ROA
4.39%
9.51% ROIC
9.51%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis International Business Machines Corporation
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16b16b14b14b12b12b10b10b8b8b6b6b4b4b2b2b0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 6.02 B
Depreciation & Amortization 4.67 B
Capital Expenditures -1.68 B
Stock-Based Compensation 1.31 B
Change in Working Capital 1.31 B
Others 4.33 B
Free Cash Flow 11.8 B
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets International Business Machines Corporation
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Wall Street analysts predict an average 1-year price target for IBM of $230 , with forecasts ranging from a low of $145 to a high of $385 .
IBM Lowest Price Target Wall Street Target
145 USD -42.77%
IBM Average Price Target Wall Street Target
230 USD -9.40%
IBM Highest Price Target Wall Street Target
385 USD 51.95%
Price
Max Price Target
Min Price Target
Average Price Target
400400350350300300250250200200150150100100Jun '24Jun '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
0.67% DIVIDEND YIELD
1.68 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
7.000007.000006.000006.000005.000005.000004.000004.000003.000003.000002.000002.000001.000001.000000.000000.000001.051631.242831.338431.434031.500961.548761.558321.641.651.661.671.242831.338431.434031.500961.548761.558321.567881.651.661.671.681.242831.338431.434031.500961.548761.558321.567881.651.661.671.242834.781.338435.261.434035.641.500965.941.548766.151.558326.221.646.331.656.591.666.631.676.673.352015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 13
6. Ownership
Insider Ownership International Business Machines Corporation
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Sold
0-3 MONTHS
6.72 M USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
775 K USD 1
9-12 MONTHS
0 USD 0
Bought
299 K USD 1
0-3 MONTHS
0 USD 0
3-6 MONTHS
197 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
IBM's AI Push Takes Center Stage At Think 2025, Goldman Sees Path To Margin Growth IBM IBM held its Think 2025 event in Boston on Tuesday. benzinga.com - 1 week ago
IBM Thinks Big, AI Delivers Bigger – Why Bulls Are Charging Toward $300 IBM's IBM stock is strutting like it owns the runway. Up 48% in the past year and 13% just this year, the legacy tech giant is flexing serious momentum and the charts are confirming it. benzinga.com - 1 week ago
IBM CEO: HR Layoffs Due to AI Led to ‘More Investment' in Other Roles Arvind Krishna, the CEO of IBM, said his company's investment in artificial intelligence (AI) has ultimately led to a rise in employment in the firm. pymnts.com - 1 week ago
IBM CEO Says He's Not Worried About DOGE IBM CEO Arvind Krishna says he isn't worried about government contract cuts and explains why the company is doubling down on AI to help clients manage the growing number of agents. Krishna joins Caroline Hyde on “Bloomberg Technology. youtube.com - 1 week ago
IBM CEO Says AI Has Replaced Hundreds of Workers But Created New Programming, Sales Jobs The tech company promises higher total employment as it reinvests resources toward roles like software development. wsj.com - 1 week ago
Ferrari's Vasseur on partnership with IBM and future growth Frédéric Vasseur, Ferrari HP Team Principal, joins 'Money Movers' to discuss what the IBM partnership allows the company to do, how critical fan engagement is to the sport, and much more. youtube.com - 1 week ago
Lumen and IBM Collaborate to Unlock Scalable AI for Businesses Companies to develop AI solutions that bring inferencing to the edge, helping businesses overcome cost and security challenges as they scale AI DENVER and ARMONK, N.Y. , May 6, 2025 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) and IBM (NYSE: IBM) today announced a new collaboration to develop enterprise-grade AI solutions at the edge—integrating watsonx, IBM's portfolio of AI products, with Lumen's Edge Cloud infrastructure and network. prnewswire.com - 1 week ago
Think a Recession Is Coming? This AI Stock Can Still Thrive. One of the core assumptions that underpins the artificial intelligence (AI) boom is that each new generation of AI model will require ever-increasing computational horsepower to train and run. DeepSeek, the Chinese AI company that managed to put out an AI model that performed well using a fraction of the computational resources of top-tier AI models, raised some serious questions about the future of the AI industry. fool.com - 1 week ago
IBM CEO makes play for AI market and more US investment IBM on Tuesday made a play for more sales in the crowded artificial intelligence field, touting tools that could help customers manage a fleet of AI agents for their key business applications. reuters.com - 1 week ago
IBM Accelerates Enterprise Gen AI Revolution with Hybrid Capabilities Build AI agents in 5 minutes with industry's most comprehensive set of agent capabilities Drive 176% ROI over three years by automating integration across hybrid cloud Turn enterprise data into the most powerful tool with new watsonx.data, which can lead to 40% more accurate AI agents Accelerate secured, scalable AI with 450 billion inference operations per day on new LinuxONE 5 ARMONK, N.Y. , May 6, 2025 /PRNewswire/ -- Today at the company's annual THINK event, IBM (NYSE: IBM) is unveiling new hybrid technologies that break down the longstanding barriers to scaling enterprise AI – enabling businesses to build and deploy AI agents with their own enterprise data. prnewswire.com - 1 week ago
IBM and Oracle Expand Partnership to Advance Agentic AI and Hybrid Cloud ARMONK, N.Y. , May 6, 2025 /PRNewswire/ -- IBM (NYSE: IBM) is working with Oracle to bring the power of watsonx, IBM's flagship portfolio of AI products, to Oracle Cloud Infrastructure (OCI). prnewswire.com - 1 week ago
IBM Study: CEOs Double Down on AI While Navigating Enterprise Hurdles CEO respondents say they expect the growth rate of AI investments will more than double over the next two years 50% of surveyed CEOs report that rapid investment has resulted in disconnected technology within their organization ARMONK, N.Y. , May 6, 2025 /PRNewswire/ -- A new global study by the IBM (NYSE: IBM) Institute for Business Value found that surveyed CEOs are committed to advancing AI solutions across their organization even as they face challenges from accelerating technology adoption. prnewswire.com - 1 week ago
8. Profile Summary

International Business Machines Corporation IBM

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COUNTRY US
INDUSTRY Information Technology Services
MARKET CAP $ 235 B
Dividend Yield 0.67%
Description International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity. This segment also provides transaction processing software that supports clients' mission-critical and on-premise workloads in banking, airlines, and retail industries. The Consulting segment offers business transformation services, including strategy, business process design and operations, data and analytics, and system integration services; technology consulting services; and application and cloud platform services. The Infrastructure segment provides on-premises and cloud-based server and storage solutions for its clients' mission-critical and regulated workloads; and support services and solutions for hybrid cloud infrastructure, as well as remanufacturing and remarketing services for used equipment. The Financing segment offers lease, installment payment, loan financing, and short-term working capital financing services. The company was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York.
Contact One New Orchard Road, Armonk, NY, 10504 https://www.ibm.com
IPO Date Sept. 24, 1915
Employees 270300
Officers Dr. Bernard S. Meyerson Ph.D. Chief Innovation Officer Emeritus Mr. James J. Kavanaugh Chief Financial Officer and Senior Vice President of Finance & Operations Olympia McNerney Global Head of Investor Relations Mr. Jonathan H. Adashek Senior Vice President of Marketing & Communications Mr. Alexander Franz Stern Senior Vice President of Strategy & M&A Mr. Gary D. Cohn Executive Vice Chairman Mr. Arvind Krishna Chief Executive Officer, President & Chairman Ms. Anne E. Robinson Senior Vice President & Chief Legal Officer Mr. Robert D. Thomas Senior Vice President of Software & Chief Commercial Officer Ms. Nickle Jaclyn LaMoreaux Senior Vice President & Chief Human Resources Officer